New Premier League Rule Freezes out certain shareholders

The Premier League has proposed a rule, which has been agreed to by clubs, which will have the effect of freezing out hostile shareholders like Arsenal‘s Alisher Usmanov, reports The Telegraph.
Coupled with his business partner Farhad Moshiri the duo own a combined stake of 29.72 per cent in the club through their investment vehicle,  ’Red and White Securities’.
This puts them close to the 30% threshold that under current Premier League regulations would grant them the rights and responsibilities of club directors, allowing Usmaov access to all ‘material transactions...